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Daily Dispatches

Bullion Star begins 'Gold in Times of Crisis' documentaries

Section: Daily Dispatches

12:20p ET Thursday, October 28, 2021

Dear Friend of GATA and Gold:

Singapore-based coin and bullion dealer Bullion Star is producing a series of documentaries titled "Gold in Times of Crisis," and the first one shows how important gold became to Vietnamese people at the end of the civil war in their country. 

Episode 1 is titled "Passage Out of Vietnam" and it can be seen at YouTube here:

https://www.youtube.com/watch?v=PqMzZu31zBY

Craig Hemke: Gradually, then all at once

Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Tuesday, October 26, 2021

So far in 2021 we must have already used that Hemingway-inspired phrase at least a dozen times in these weekly columns. But now, as the investment world is finally beginning to realize that inflation is definitely not "transitory," it's time to use it again.

If you're not familiar with the phrase, it's inspired by a character in Ernest Hemingway's "The Sun Also Rises," who, when asked about how he went bankrupt, replied, "Gradually, then suddenly."

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Lawrence Lepard: Fix the money, fix the world

Section: Daily Dispatches

Remarks by Lawrence Lepard, Managing Partner
Equity Management Associates, Sherborn, Massachusetts
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday, October 21, 2021

First, let me thank Brien Lundin and the show organizers for inviting me to speak here.  It is a great honor.  Particularly so because I am among other “sound money” OG’s (original gangstas) and people for whom I have enormous respect and admiration. 

Pam and Russ Martens: Biden nominee would move all bank deposits to the Fed and let NY Fed short stocks

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, October 26, 2021

This month the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden's nominee to head the Office of the Comptroller of the Currency, the federal regulator of the largest banks in the country that operate across state lines. The paper is titled "The People's Ledger: How to Democratize Money and Finance the Economy."

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Section: Daily Dispatches

11:13a ET Tuesday, October 26, 2021

Dear Friend of GATA and Gold:

Thom Calandra and his market letter, The Calandra Report, have been supporting GATA almost from our start 22 years ago. He is a writer and believer and investor in the monetary metals.

This week, with metals prices showing signs of recovery amid the storm of inflation, Thom is reviviong his special offer to GATA supporters -- a discount on a year's subscription with half the $169 payment being donated to GATA, no strings attached.

Has the lost Island of Gold been found?

Section: Daily Dispatches

By Nick Enoch
Daily Mail, London
Saturday, October 23, 2021

The site of a fabled Indonesian kingdom renowned for its golden treasures may finally have been discovered on Sumatra, known as the Island of Gold.

For the past five years, fishermen exploring the crocodile-infested Musi River, near Palembang, have hauled a staggering treasure trove from the depths -- including gemstones, gold ceremonial rings, coins, and bronze monks' bells.

Robert Lambourne: Small decline in BIS gold swaps in August

Section: Daily Dispatches

By Robert Lambourne
Saturday, October 23, 2021

The recently released September statement of account of the Bank for International Settlements -

https://www.bis.org/banking/balsheet/statofacc210930.pdf

— contains information suggesting a decrease of about 26 tonnes in the bank's gold swaps during August, from 464 tonnes to 438 tonnes.

This compares to the record high estimated at 552 tonnes as of February this year.

Interviewing Ron Paul, even Daniela Cambone marvels at gold's failure to reflect inflation

Section: Daily Dispatches

10:55p CT Friday, October 22, 2021

Dear Friend of GATA and Gold:

Is there anyone left who can't see or strongly suspect government gold price suppression policy, even if many people still can't acknowledge it?

In an interview this week with former U.S. Rep. Ron Paul, even Daniela Cambone of Stansberry Research, formerly of Kitco News, marveled at gold's failure to reflect the inflation exploding all around her. She asked Paul whether the government is suppressing the gold price.

Serbia vows to boost gold reserves as China's Zijin opens mine

Section: Daily Dispatches

By Misha Savic
Bloomberg News
Friday, October 22, 2021

Serbia plans to boost its gold reserves from an already record-high 37 tons to prepare for challenges such as the energy crisis rattling Europe, President Aleksandar Vucic said.

The National Bank of Serbia may buy gold at the "most favorable prices" from the local units of China-based Zijin Mining Group, Vucic said at the opening of the company's new Cukaru Peki high-grade copper and gold mine. ...

... For the remainder of the report:

Fed to ban policymakers from owning individual stocks, restrict trading following controversy

Section: Daily Dispatches

By Jeff Cox
CNBC, New York
Thursday, October 21, 2021

Responding to a growing controversy over investing practices, the Federal Reserve announced Thursday a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well.

The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds.

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